{"id":186650,"date":"2023-11-03T16:41:17","date_gmt":"2023-11-03T11:11:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/heres-why-crypto-market-and-bitcoin-price-are-falling-today-crypto-news\/"},"modified":"2023-11-03T16:41:20","modified_gmt":"2023-11-03T11:11:20","slug":"heres-why-crypto-market-and-bitcoin-price-are-falling-today-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/heres-why-crypto-market-and-bitcoin-price-are-falling-today-crypto-news\/","title":{"rendered":"Here&#8217;s Why Crypto Market And Bitcoin Price Are Falling Today &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The crypto market fell 3% to $1.27 trillion in the last 24 hours, with total trading volume declining more than 20%. The selloff follows a much-awaited crypto market recovery amid spot <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/tag\/bitcoin-etf\">Bitcoin ETF<\/a> speculations, the U.S. Fed\u2019s two consecutive interest rates \u201cpause\u201d and Chair Jerome Powell\u2019s dovish speech, easing macro and geopolitical impacts; and renewed buying by institutional investors.<\/p>\n<p>The crypto market\u2019s fear and greed index has slipped from 72 to 65 in the past 24 hours. However, the overall sentiment remains bullish.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2>Crypto Market Fall After Weeks of Recovery<\/h2>\n<p>Traders decided to book profits as a result of Friday\u2019s expiry. As per Deribit data, 42,000 BTC options, with a notional value of <strong>$1.46 billion<\/strong>, are set to expire with a put call ratio of 0.58. The max pain point is $30,000. In addition, 220,000 ETH options with a notional value of <strong>$390 million<\/strong>, are set to expire. Put call ratio is 0.55 and max pain is $1700.<\/p>\n<p><strong>Coinglass<\/strong> data shows indicate massive liquidation of over $150 million in the last two days. More than 52<span class=\"bybt-font0\">k\u00a0<\/span>traders were liquidated in the last 24 hours, with the largest single liquidation order on\u00a0<strong>BitMEX<\/strong><span class=\"bybt-font0\"><strong>\u2019s XBTUSD <\/strong><\/span>worth\u00a0<span class=\"bybt-font0\">$2 million. As a result of the selloff, the broader crypto market is in \u201cred\u201d today.<\/span><\/p>\n<figure id=\"attachment_163235\" aria-describedby=\"caption-attachment-163235\" style=\"width: 790px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-163235\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/screenshot-www.coinglass.com-2023.11.03-15_14_24-e1699004842168.png\" alt=\"crypto market liquidations\" width=\"790\" height=\"236\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/screenshot-www.coinglass.com-2023.11.03-15_14_24-e1699004842168.png 1921w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/screenshot-www.coinglass.com-2023.11.03-15_14_24-e1699004842168-300x89.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/screenshot-www.coinglass.com-2023.11.03-15_14_24-e1699004842168-1224x365.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/screenshot-www.coinglass.com-2023.11.03-15_14_24-e1699004842168-768x229.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/screenshot-www.coinglass.com-2023.11.03-15_14_24-e1699004842168-1536x458.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/screenshot-www.coinglass.com-2023.11.03-15_14_24-e1699004842168-150x45.png 150w\" sizes=\"auto, (max-width: 790px) 100vw, 790px\"\/><\/noscript><figcaption id=\"caption-attachment-163235\" class=\"wp-caption-text\">Crypto Liquidations: Source: CoinGlass<\/figcaption><\/figure>\n<p>Meanwhile, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/solana-price-rally-to-40-imminent-as-aum-inflows-hit-24m-second-only-to-bitcoin\/\">digital asset investment products<\/a> saw inflows of $326 million last week, the largest single-week influx since July 2022. Along with institutional Bitcoin buying amid Bitcoin ETF hype, Solana recorded its largest week of inflows of $24 million since March 2022.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>EY\u2019s global blockchain leader <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-in-massive-demand-from-institutional-investors-ey-paul-brody\/\">Paul Brody said<\/a> family offices have shown interest in investing in cryptocurrencies. Institutional funds and other big institutions are awaiting Bitcoin ETF approval by the SEC.<\/p>\n<h2>Hints of Upcoming Profit Booking<\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Pointing out two significant on-chain developments after the recent Bitcoin price rally, CryptoQuant research head <strong>Julio Monero<\/strong> recently said the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-btc-ongoing-rally-to-pause-cryptoquants-research-head\/\">rally may pause<\/a>. The profit booking was expected after a massive \u201cuptober\u201d rally.<\/p>\n<p>Moreover, Popular analyst <strong>Ali Martinez<\/strong> in a post on X shared that the TD Sequential indicator presents a sell signal for Cardano (ADA), Shiba Inu (SHIB), Dogecoin (DOGE), and Injective (INJ). Cardano (ADA), Shiba Inu (SHIB), Dogecoin (DOGE), and Injective (INJ) rallied last month during the crypto market recovery.<\/p>\n<p>However, the market sentiment remains positive for continued upside after rejection. Matrixport predicts Bitcoin at $45K in 2023 and $125K by 2024-end. In addition, as Bitcoin price officially <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-forms-historic-golden-cross-ath-halving-planb-s2f-buy\/\">formed a \u201cGolden Cross\u201d<\/a> and macro factors ease, BitMEX co-founder <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-market-rally-bitmexs-arthur-hayes-explains-why-its-time-to-pump-bitcoin\/\">Arthur Hayes recommends<\/a> buying Bitcoin.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\">BTC price<\/a> fell 3% in the last 24 hours, with the price currently trading near $34,300. The 24-hour low and high are $34,358 and $35,458, respectively. Moreover, trading volume has decreased by 25% in the last 24 hours.<\/p>\n<p><strong>Also Read:<\/strong><\/p>\n<p><noscript><link rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/b54ef65257252f45208377e2c2fd3c3a.css\" media=\"all\" data-minify=\"1\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.3.2\" type=\"text\/css\" media=\"1\"\/><\/noscript><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/heres-why-crypto-market-and-bitcoin-price-are-falling-today\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/heres-why-crypto-market-and-bitcoin-price-are-falling-today\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA163223\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD163223\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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The selloff follows a much-awaited crypto market recovery amid spot Bitcoin ETF speculations, the U.S. Fed\u2019s two consecutive interest rates \u201cpause\u201d and Chair Jerome Powell\u2019s dovish speech, easing macro and geopolitical impacts; and renewed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":186651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-186650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=186650"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186650\/revisions"}],"predecessor-version":[{"id":186652,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186650\/revisions\/186652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/186651"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=186650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=186650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=186650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}